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Tag Archive | "FHA"

FHA (Federal Housing Administration) Loan Basics

What Are FHA Loans: Federal Housing Administration Loans FHA loans (Federal Housing Administration loans) enable people to purchase a home with a small down payment. People who would otherwise be unable to purchase a home can do so if they qualify for an FHA loan. They no longer have to save up for a large […]

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FHA Loans Now Have Tighter Collections Guidelines

The Federal Housing Administration (FHA) insures loans enabling lenders to offer finance to those wishing to purchase homes that would not otherwise be able to afford them. However, the FHA has been tightening its lending criteria lately, and the latest policy introduced on April 1st is that applications from potential borrowers with an account of […]

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FHA Mortgage Insurance Deadline Update: Premiums Increase on April 9, 2012

For the second time in the last two years, the Federal Housing Administration (FHA), a U.S. financing agency,  will raise the premiums that it charges borrowers on April 9, 2012. This deadline is revised from the previous deadline of April 1, 2012. Beginning on April 9, 2012, the FHA will raise by 0.75 percentage points […]

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FHA Raising MIP (Mortgage Insurance Premiums)

For the second time in the last two years, the Federal Housing Administration (FHA), a U.S. financing agency, has announced that it will raise the premiums that it charges borrowers in April. Beginning on April 1, 2012, the FHA will raise by 0.75 percentage points to 1.75%, the upfront insurance premiums that borrowers must pay […]

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President Obama Announces New Refinancing Plan

During the State of the Union Address a few weeks ago, President Obama announced plans for a new refinancing plan to help Americans, today he announced a series of proposals to make those plans a reality. What Does The Plan Do? The goal of the program is to help borrowers that are current on their […]

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Higher Conforming and FHA Loan Limits May Increase

Some good news for homeowners as the Senate voted yesterday to approve a measure that would restore the high balance conforming loan limit to $729,750 in high cost areas. The amendment was added to a spending bill by Senator Robert Menendez and was approved 60-31 in the Senate. If the larger spending bill is approved, […]

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